8x8 fiscal Q2 revenue beats estimates, driven by record usage of CX platform

Overview

• 8x8 fiscal Q2 revenue of $184.1 mln beats analyst expectations

• Adjusted operating income for fiscal Q2 beats consensus estimates

• Company reports 19th consecutive qtr of positive cash flow from operations

Outlook

• 8x8 sees Q3 service revenue between $172 mln and $177 mln

• 8x8 expects Q3 total revenue between $177 mln and $182 mln

• 8x8 projects FY 2026 service revenue between $692 mln and $706 mln

• 8x8 forecasts FY 2026 total revenue between $712 mln and $726 mln

Result Drivers

• PLATFORM ENGAGEMENT - Revenue growth was driven by record usage of our CX platform, per CEO Samuel Wilson

• AI INTEGRATION - AI embedded across operations to enhance efficiency and customer success, per CEO Samuel Wilson

• PRODUCT EXPANSION - Expansion of product portfolio contributed to revenue growth, per CEO Samuel Wilson

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the integrated telecommunications services peer group is "buy"

• Wall Street's median 12-month price target for 8x8 Inc is $2.75, about 32.4% above its November 3 closing price of $1.86

• The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 5 three months ago

Press Release: ID:nBw3HBnVpa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)